P3 Park Prague D11. Source: P3
The occupancy rate in P3 parks in the Czech Republic at the end of the first half of the year was 97%. Over the six-month period, whenever warehouses have become available, P3 has been able to re-let the space almost immediately, with the highest interest coming from companies in the automotive sector.
The most recent example is the letting of 7,100 m2 of warehousing at P3 Prague D11 park to Filson, a company that sells Carlson auto cosmetic products. The space is part of a 10,000 m2 unit previously occupied by the furniture company Exiteria. With an attractive 12m roof clearance, it has only been vacant few weeks ago.
Another speedy deal at the same park saw LGI Logistics Group International lease 8,800 m2 of warehouse space for a new logistics centre from which the specialist carrier will distribute car batteries.
“We are able to find new customers to take any space that comes vacant at our parks quickly because there is currently strong unsatisfied demand for tens of thousands of square meters of warehousing. Our quick and flexible approach enables us to adapt each space to meet our customers specific needs,” said Tomáš Míček, P3’s Country Head for the Czech Republic.
Another example of the speed at which P3 signs new leases on recently vacated space is at P3 Příšovice park, where 2,200 m2 has been let to Grupo Antolin, a manufacturer of car interior components. Grupo Antolin already occupies part of the warehouse and also leases space at P3 Turnov park. Situated near the D10 Highway between Prague and Liberec, P3 Příšovice park is popular with customers as its location reduces transport and staff costs. There is land available in the park for the construction of an additional freestanding warehouse of up to 4,000 m2.
Being able to lease recently vacated warehouse space quickly ensures the stability of the P3 portfolio and its long-term sustainability.
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